In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.
Raeford is a city in Hoke County, North Carolina, United States. The population was 3,386 at the 2000 census. It is the county seat of Hoke County. The county was named after Confederate General Robert F. Hoke, as Tar Heel native. The City of Raeford, named after the MacRae family who lived at the 'ford of the creek' was at one time made up primarily of old Highland Scot families. Likewise, the Upper Cape Fear Valley of North Carolina was in the 18th and 19th Century the largest settlement of Gaelic speaking Highland Scots in North America. Today many of these old families continue to live in the area, though their presence is noticeably diminished by the great numbers of newcomers to the area as a result of Fort Bragg. Since World War II many Lumbee Indian families have moved northward from Robeson County and now constitute a significant element of the population that is otherwise European and African-American.